Virgin Galactic Stock Jumps Because the FAA Completed Its Investigation. What Comes Next.

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Stock in space tourism pioneer Virgin Galactic is soaring in after hours trading Wednesday because of good news from the Federal Aviation Administration, which is responsible for the safety of commercial aerospace operations—even operations that reach space.

The FAA announced Wednesday evening that it has completed its investigation into some flight path anomalies on the launch that took Galactic (ticker: SPCE) founder Richard Branson to space.